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Levine Leichtman Capital Partners has acquired Willowbrook, Illinois-based Club Champion, a provider of custom fitting services and golf equipment in the U.S. No financial terms were disclosed. Kirkland & Ellis LLP advised LLCP on the deal.
Hydrow by CREW, a live outdoor reality rower, has secured an undisclosed amount of funding. L Catterton was the lead backer.
Topix, which is backed by New Mountain Capital, has acquired Newbury Park, California-based ClarityRx, a provider of skincare products. No financial terms were disclosed. Stubbs Alderton & Markiles LLP served as legal advice to ClarityRx on the deal while Lowenstein Sandler LLP did likewise for Topix and New Mountain Capital.
Equity38 LLC has made an investment in TRX, a provider of functional training solutions. No financial terms were disclosed.
Platinum Equity has acquired Pro-Mark, the parent company of irrigation products providers Orbit Irrigation and Hydro-Rain. No financial terms were disclosed.
L Catterton has made an investment in Grupo MYT, a designer and operator of restaurant brands in Mexico. No financial terms were disclosed.
The Carlyle Group has agreed to sell UK-based healthy snack brand Graze to Unilever. No financial terms were disclosed.
Caliber Collision, which is backed by OMERS and Leonard Green & Partners LP and Abra Auto Body Repair of America, a portfolio company of Hellman & Friedman, have closed their previously announced merger. No financial terms were disclosed. The newly combined company will create a collision repair provider. As part of the transaction, Hellman & Freidman LLC is now the majority shareholder of the combined company while OMERS and LGP remain significant minority shareholders.
Bertram Capital has made an investment in Dallas-based Perennials and Sutherland LLC, a maker of 100 percent solution-dyed acrylic performance fabric for indoor and outdoor use and luxury outdoor furniture. No financial terms were disclosed.
Moody's, S&P, credit ratings, bankruptcy, default, private equity, retail
After a rough year, 88 companies, a quarter of them from the retail sector, will look forward to a fresh start. These PE-sponsored companies received distressed ratings. They’re defined as holding credit ratings of B- or lower with a negative outlook from S&P or a corporate-family rating of Caa1 or lower with a negative outlook from […]
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